I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Indeed, there are many reasons why Bitcoin is more popular than other crypto assets. The first reason Bitcoin has a decentralized system, in my opinion this reason is very interesting and a sign that differentiates Bitcoin from other crypto assets. Because most of the crypto assets or altcoins currently available, as far as I know, are not decentralized. So I personally think this is the factor that makes many people quicker to believe and invest in bitcoin. In essence, this decentralization factor makes people more confident and feel safe when investing in bitcoin.
The second reason is that bitcoin has a limited supply. This reason also has a big influence on the price of Bitcoin or the attractiveness of people to buy it. Because with a limited supply of bitcoin, the price will definitely get more expensive as time goes by. So it is not surprising that the growth of bitcoin investors is currently experiencing a very significant increase. This is different from the current Altcoins, most of which have a very large supply. So it is definitely very difficult for the price to increase significantly. I think in short that's why bitcoin is superior to other crypto assets.
The point is that investing in bitcoin is safer or has minimal risk and also has enormous potential than investing in other crypto assets.